Myanmar govt launches special travel arrangements with Japan

Myanmar and Japan have agreed to start special travel arrangements for travellers entering each nation. During an official visit to Myanmar on August 24, Japanese foreign affairs minister Motegi Toshimitsu met with State Counsellor Daw Aung San Suu Kyi to discuss, among other things, bilateral arrangements to make travel between both countries easier amid COVID-19. […]

Japan, Myanmar agree to reopen borders for long-term residents

The Japanese and Myanmar foreign ministers agreed Monday to reopen borders for expatriates and other long-term residents as soon as early September, relaxing travel restrictions that were imposed to stem the spread of the new coronavirus pandemic. Foreign Minister Toshimitsu Motegi and Myanmar leader Aung San Suu Kyi also confirmed at their meeting in Naypyidaw […]

Japan firms shift focus to S.E. Asia due to U.S.-China rows: JETRO

A rising number of Japanese companies are expanding business in Southeast Asia and scaling down operations in China due to escalating tensions between Beijing and Washington, according to the Japan External Trade Organization. Citing a JETRO survey conducted late last year, the government-backed body said in an annual trade and investment report that 41 percent […]

Myanmar, Japan to develop new large-scale shopping mall in Yangon

Local real estate developer Shwe Taung Real Estate Co Ltd and Japan’s Aeon Mall Co Ltd have formed a joint venture to invest, develop, manage and operate large-scale shopping malls in Myanmar, both companies announced on August 4. The JV received approval from the Myanmar Investment Commission last week. Shwe Taung holds a 30 percent […]

Japan wins deal for nearly $2bn LNG power plant in Myanmar

YANGON/TOKYO — Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say. The three companies estimate total investment in the project at $1.5 billion to $2 billion.The […]

Japan to Provide US$46 M Emergency Loan to Small Businesses in Myanmar

YANGON—The Japan International Cooperation Agency (JICA) has announced emergency loans worth 5 billion yen (US$46.5 million) to assist businesses in Myanmar hit by the coronavirus pandemic as part of its plan to help the country mitigate the impacts of COVID-19. On Monday, JICA said the loans will be low-interest and will support small and medium-sized […]

Baby brand Kyarlay gets $750K investment boost

Yangon-based baby products start-up Kyarlay this week raised US$750,000 from two growth funds looking to expand their investment in Myanmar. Kyarlay, an e-commerce and delivery provider specialising in baby products, sold equity stakes to Emerging Markets Entrepreneurs and United Managers Japan Inc. It did not disclose the amount of the shareholdings. Kyarlay was founded last […]

Yangon water supply upgrade may bypass the poorest

The Myanmar and Japanese governments are working together to deliver clean, drinkable water to millions of Yangon residents and end groundwater use, but the city’s poorest households may miss out on the benefits. By EAINT THET SU | FRONTIER WITH almost-transparent bamboo walls and nipa palm roofs, the homes on Watmasut Wun Htauk Street in […]

Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

YANGON—The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ministry will take a leading role in developing the […]

Japan’s popular “Gari Gari kun” ice pops land in Myanmar

YANGON-Japanese ice cream maker Akagyi Nyugyo Co. has begun selling its ” Gari Gari kun” ice pops in Myanmar, marking the beginning of the first full-fledged sale of the flagship product with local distributors outside Japan and Thailand. The products are shipped from a factory in Thailand via a cold chain logistics system operated by […]